ASHGEQ 201902210008A
Distribution Finalisation Announcement - ASHGEQ
Ashburton Management Company RF Proprietary Limited
Ashburton Global 1200 Equity ETF
A portfolio in the Ashburton Collective Investment Scheme ("the portfolio") registered in terms of the
Collective Investment Schemes Control Act, 45 of 2002
Share Code: ASHGEQ
ISIN: ZAE000249967
("ASHGLOEQT")
DISTRIBUTION FINALISATION ANNOUNCEMENT
The manager and trustees (namely Ashburton Management Company RF Proprietary Limited and
Standard Chartered Bank) have resolved to make a quarterly distribution to holders of Ashburton Global
1200 Equity ETF securities for the quarter ended 31 January 2019.
The aggregate distribution will amount to 18.31484 cents per Ashburton Global 1200 Equity ETF security
and is constituted as follows:
Gross
Subject to Local Net
Distribution
Alpha code Dividend/Interest Foreign/ Local Withholding tax Distribution
(Cents per
Yes/ No (Cents per unit)
unit)
ASHGEQ Dividend Foreign 18.31484 No 18.31484
18.31484 18.31484
*Source of funds: various companies from around the world that are constituents of the S&P Global 1200 Index.
1. The net distribution amount of 18.31484 cents per ASHGEQ security is calculated as follows:
Gross Foreign Dividend 25.00521
Less: Foreign withholding tax held at source (26.75592%) - 6.69037
Net Distribution to local unit holders 18.31484
Notice is hereby given that the following dates are of importance regarding the distribution for the quarter
ended 31 January 2019 by the ETF to holders of Ashburton Global 1200 Equity ETF securities:
Last day to trade "cum" distribution: Tuesday, 26 February 2019
Securities trade "ex" distribution: Wednesday, 27 February 2019
Record date: Friday, 1 March 2019
Payment date: Monday, 4 March 2019
Creations or redemptions from the fund will not be allowed during the period from 21 February
2019 to 1 March 2019, both days inclusive.
Withholding Tax on Interest (WTI) came into effect on 1 March 2015.
Interest accruing from a South African source to a non-resident, excluding a controlled foreign company,
will be subject to withholding tax at a rate of 15% on payment, except interest,
* arising on any Government debt instrument.
* arising on any listed debt instrument.
* arising on any debt owed by a bank or the South African Reserve Bank.
* arising from a bill of exchange or letter of credit where goods are imported into South Africa and where
an authorized dealer has certified such on the instrument.
* payable by a headquarter company.
* accruing to a non-resident natural person who was physically present in South Africa for a period
exceeding 183 days in aggregate, during that year, or carried on a business through a permanent
establishment in South Africa.
Investors are advised that to the extent that the distribution amount comprises of any interest, it
will not be subject to WTI by virtue of the fact that it is listed debt instruments and/or bank debt.
No dividend withholding tax will be deducted from dividends payable to a South African tax
resident qualifying for exemption from dividend withholding tax provided that the investor has
provided the following forms to their Central Securities Depository Participant ("CDSP") or broker,
as the case may be in respect of its participatory interest:
a) a declaration that the distribution is exempt from dividends tax; and
b) a written undertaking to inform their CSDP or broker, as the case may be, should the
circumstances affecting the exemption change or the beneficial owner cease to be the
beneficial owner, both in the form prescribed by the South African Revenue Service. South
African tax resident investors are advised to contact their CSDP, to arrange for the
abovementioned documents to be submitted prior to payment of the distribution, if such
documents have not already been submitted.
Additional information:
The dividend distribution as outlined above is subject to the amendment to Dividends Tax that was
introduced with effect from 22 February 2017. The dividend, as defined in the Income Tax Act of 1962, is
payable from dividends accumulated in the fund. The South African Dividend Tax rate of 20% has been
applied to both local and foreign dividends.
There are 11,849,000 Ashburton Global 1200 Equity ETF securities in issue. The total dividend amount
payable is R 2,170,124.83.
Ashburton Global 1200 Equity ETF Income Tax number is 3356/058/17/6.
A copy of the ETF issue document can be found at
http://www.ashburtoninvestments.com/za/individual-investor/investment-range/exchange-traded-
funds/ashburton-global-1200-etf
21 February 2019
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited
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